to protect people
The nation's government choose which public goods and services to produce because its a command market which allow the government to make all the choices.
They belong to the government.
because of the bomb
Public goods are non-excludable, so they suffer from a free-rider problem.
considering whether companies or the government should make the goods.
The nation's government choose which public goods and services to produce because its a command market which allow the government to make all the choices.
They belong to the government.
These are the organisations where everything is owned and controlled by the government (or local government). These don't produce anything instead provide services. there are some goods like merit goods and public goods which are better provided in public sector.
These are the organisations where everything is owned and controlled by the government (or local government). These don't produce anything instead provide services. there are some goods like merit goods and public goods which are better provided in public sector.
service industry
can the market provide a public goods on its own? government policies about public goods?
If you mean public goods those goods produce by a public company then ,there are various public goods available in the market .like-Petrol,diesel by IOC ; Paper by HPCL( Hindustan Petro Chemical limited)...etc
If you mean public goods those goods produce by a public company then ,there are various public goods available in the market .like-Petrol,diesel by IOC ; Paper by HPCL( Hindustan Petro Chemical limited)...etc
Public goods can best be described as services provided by the government to benefit all citizens.
There are many examples of state government providing public goods and services. Some of these include fireworks, street lights, and providing recycle bins for residents.
because of the bomb
Public goods are non-excludable, so they suffer from a free-rider problem.